Aurora Mobile Limited (JG) shares rose 7.81% in after-hours on Friday, September 10, 2021, and closed the weekly trading at $2.07. However, in the regular trading session, JG’s stock lost 8.13%. JG shares have risen 9.71% over the last 12 months, and they have moved down 18.64% in the past week. Over the past three months, the stock has lost 39.24%, while over the past six months, it has declined 65.71%.
Let’s have a brief look at its recent news and developments.
JG latest financial results announcement
On September 09, 2021, Aurora Mobile Limited (JG) announced its unaudited financial results for the second quarter ended June 30, 2021.
Q2 2021 financial highlights
- JG reported revenue of RMB89.0 million in Q2 2021 compared to RMB130.8 million in Q2 2020.
- In Q2 2021, the Cost of revenues was RMB21.6 million compared to RMB77.1 million in Q2 2020.
- Gross profit was RMB67.4 million approximately US$10.4 million in Q2 2021 compared to RMB53.7 million in Q2 2020.
- Total operating expenses were RMB105.3 million (US$16.3 million) in Q2 2021 compared to RMB98.8 million in Q2 2020.
- It suffered a net loss of 3 million (US$4.5 million), compared with RMB40.4 million in the same quarter of last year.
- Non-GAAP Adjusted net loss was 6 million (US$3.7 million) in Q2 2021 compared with RMB32.1 million in Q2 2020.
FY 2021 financial outlook
The company revised its financial guidance for FY 2021 and now expects total revenue in the range of RMB342.0 million to RMB360.0 million.
JG FTSE Global Equity Index Series
On September 03, 2021, Aurora Mobile Limited (JG) announced that it will be included in the FTSE Global Equity Index Series – China Index, FTSE Global Micro-Cap Index, and FTSE Global Total Cap Index, effective after the U.S. market close on September 17, 2021. FTSE GEIS is a leading and trusted global equity index that is used by many top equity investment fund managers.
JG Unification Messages System
On August 31, 2021, Aurora Mobile Limited (JG) officially launched a free public cloud version of its Unification Messages System (JG UMS). Mobile developers can use this free version as a trial of JG UMS’s integrated multi-channel messaging services upon registering for an account on the Company’s official website.
JG update about JPush
On August 26, 2021, Aurora Mobile Limited (JG) announced updates on its partnership with Yang Guang Hui Sheng Huo (Yang Guang App), the credit card app of China Everbright Bank. Leveraging the Company’s JPush integrated notification service (JPush), Aurora Mobile helps the credit card unit of China Everbright to integrate its messaging service onto one platform to increase user engagement and reach a larger audience.
Conclusion
The stock plummeted after the company announced its financial results which showed a significant decline and also it revised its FY 2021 financial outlook. But we have no idea why JG stock went up in the after-hours on Friday.
